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Most demanding careers with a Statistics degree

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Everyone wants to have the best yet most demanding careers. Well, statistics is the one degree that has the most demanding careers in the job market. But statistics might not be a subject for everyone as it is known to be quite hard and requires tons of hard work as well as tiring efforts. Studying this subject is not an easy task. However, studying statistics is one of the best choices a student can make. This subject might be competitive for many, but one thing is for sure the subject has one of the most demanding careers with a statistics degree. Statistics is a branch of applied mathematics that mainly focuses on the collection, analysis, description, as well as inference of conclusions from quantitate data. It has two major types which include descriptive statistics and inferential statistics. Both of these types are heavily used on a large scale. Are you looking for the most demanding careers with a statistics degree? Well, don’t worry. We have got you covered because in this article you will get to explore everything about the most demanding careers with a statistics degree. So, keep on reading to discover everything about the most demanding careers with a statistics degree.

1. Statistician

Statistician is one of the most demanding careers with a statistics degree. The core responsibilities of a statistician are to create new theories, rules as well as models. They are also in charge of examining data and applying various business models once they study and solve organizational challenges. They are also responsible for translating their studies as well as findings into reports that are designed to help their business organizations make decisions and pursue solutions.

2. Chartered Accountant

Chartered accountancy is yet another one of the most demanding careers with a statistics degree. The job market for chartered accountants is quite vast, and the pay scale is amazing as well. People are appointed for critical roles such as financial analysts, auditors, chief accountants, etc. The starting salary is quite good but over a span of a few years and after gaining more work experience, the salary package increases.

3. Economist

An economist is yet another one of the most demanding careers with a statistics degree. Economists can be seen working for government or business organizations as well as companies. They are mainly responsible for researching market trends, collecting data, and using statistical models to form conclusions. They also examine various issues that can be majorly related to services, goods, production as well as distribution of resources within a marketplace.

4. Actuary

Actuary also falls on the list of the most demanding careers with a statistics degree. Actuaries mainly oversee as well as examine financial costs, assess risk levels, and they are also required to come up with the latest strategies and solutions. They also use their expertise in mathematics to calculate the probability of the financial risks involved and make a report. They can be seen working in health insurance companies, property insurance companies, etc.

5. Cost Estimator

Cost estimator also falls in the category of the most demanding career with a statistics degree. The role of a cost estimator is to gather, research as well as assess the data to forecast the overall prices of developing a product, conducting a new project as well as offering a new service or a good. Cost estimators may also specialize in a certain marketplace and use their knowledge of statistics to enhance the work of the sales teams and account managers, etc.

6. Data Scientist

Data science falls in the category of the most demanding career with a statistics degree as well. The main responsibility of a data scientist is to use their knowledge of statistics to create data sets as well as develop various models, identify patterns and trends, etc. They also oversee and review figures and statistics to search for insights as well as conclusions. Data scientists are high in demand and job marketing keeps growing.

7. Market Researcher

Market researchers have always been high in demand, and it is certainly one of the most demanding careers with a statistics degree as well. The core responsibility of a market researcher is to monitor the latest trends in the marketplaces to assess potential outcomes for their organization. They also evaluate the outcomes as well as the results of marketing campaigns. They are also responsible for gathering data and analyzing figures with advanced software and algorithms.

8. Financial Analyst

The financial analyst also falls in the category of the most demanding career with a statistics degree. The main responsibility of a financial analyst is to work in all sorts of finance departments. They may closely work the stock markets. They are also required to research to help various business individuals to make beneficial investment decisions. However, the quantitative as well as mathematical skills of a financial analyst must be quite advanced.

Related: Scope of Statistics in Pakistan

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